How Spenda Seeks To Improve South African Lives Through Technology
How Spenda Seeks To Improve South African Lives Through Technology. Three entrepreneurs from South Africa embarked on a journey to create mobile payment services that transcend conventional solutions. Spenda’s aim is to offer customers a unique range of products that cater to the diverse needs of South Africans. All Spenda’s products aim to improve the daily lives of South Africans through technology.
Spenda founders developed skills within the fintech industry. Obtaining invaluable industry experience and market insight helped the founding team find the problems that needed solving and finding out how to go about solving them. Spenda developed its base revenue models, created key partnerships, obtained key stakeholder mentorship and set out the strategic formation and planning of the Spenda business. This was all centred around the most important thing, providing a product that provides value to the customer.
Spenda launched its first product to market. A mobile voucher solution that offers customers discounts at all of Spenda’s six hundred thousand merchant locations across South Africa through the use of Spenda Scan to Pay, a secure, effective, low data mobile application. Spenda’s growth plan in the short term is to provide customers with a seamless experience for every function of the Spenda Scan to Pay journey. The company’s long term plan is to provide further value to Spenda customers and retain discount values.
Spenda focuses on providing economic inclusion to underserved communities and individuals. Spenda helps reduce poverty by offering discounted essential products to a wider population. By making essential goods and groceries more affordable through discounted vouchers, Spenda ensures that individuals of varying income levels have access to quality products. This contributes to reducing inequalities in access to necessities.
Spenda’s mission to empower individuals economically provides them with the means to secure food for themselves and their families, indirectly addressing issues related to food security.
